The Australian Federal Police (AFP) are searching the Sydney headquarters of accounting firm PricewaterhouseCoopers (PwC) over its alleged leaking of confidential government tax information.The Australian Federal Police (AFP) began searching the Sydney headquarters of accounting firm PricewaterhouseCoopers (PwC) on Monday over its alleged leaking of confidential government tax information.
This comes over a year after the Treasury referred the matter to the AFP, which alleged the "unauthorized disclosure of confidential Commonwealth information" by former PwC personnel.
PwC Australia will remain a questionable company until it lives up to its stated values. Despite having a code of conduct, the firm has chosen to prioritize profit over ethics to strongly that it chose to become a double agent — using its confidential government business to secretly help corporations avoid paying taxes. Without genuine transformation, the company will continue to undermine public trust.
While PwC Australia has received well deserved criticism over the past year, its recent three-year plan shows a genuine commitment to bettering its corporate culture. Unlike PwC US, the Australian branch is actively working to prioritize clients as they endure economic instability and technological advancements. This plan is a direct response to government audits, which means PwC Australia is working seriously to clean up its scandalous reputation.